# CUE CAPITAL LIMITED PARTNERSHIP X-17A-5 (2024-02-27) — Broker-dealer annual report - Company: CUE CAPITAL LIMITED PARTNERSHIP - Form: X-17A-5 - Filed: 2024-02-27 - Period: 2023-12-31 - Accession: 0001298623-24-000001 - CIK: 1298623 - File #: 8-66599 - Type: Broker-dealer - Material weakness: No - Auditor: Rodefer Moss & Co, PLLC - Auditor location: Knoxville, TN - Contact: George Skouras - Phone: 516 816 6000 - Email: gskouras@cuecapital.net - Website: cuecapital.net - Signed by: George Skouras (Managing Partner) Original filing: https://www.sec.gov/Archives/edgar/data/1298623/000129862324000001/cuepublic2023.pdf --- {0}------------------------------------------------ # Cue Capital Limited Partnership Statement of Financial Condition December 31, 2023 {1}------------------------------------------------ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 OMB APPROVAL OMB Number: 3235-0123 Expires: Nov. 30, 2026 Estimated average burden hours per response: 12 SEC FILE NUMBER 8-66599 ## ANNUAL REPORTS FORM X-17A-5 PART III FACING PAGE Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934 \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ filing for the period beginning 01/01/2023 MM/DD/YY MM/DD/YY A. REGISTRANT IDENTIFICATION # NAME OF FIRM: CUE CAPITAL LIMITED PARTNERSHIP TYPE OF REGISTRANT (check all applicable boxes): | Broker-dealer □ Check here if respondent is also an OTC derivatives dealer ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) # 2000 S. BAYSHORE DRIVE, SUITE 9 | | (No. and Street) | | | |------------------------------------------------------------------------------------------------------|------------------------------------------------------------|-------------------------|-------------------------------------------| | MIAMI | ມ | | 33133 | | (City) | (State) | | (Zip Code) | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | George Skouras | 516 816 6000 | gskouras@cuecapital.net | | | (Name) | (Area Code - Telephone Number) | (Email Address) | | | | B. ACCOUNTANT IDENTIFICATION | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing*
Rodefer Moss & Co, PLLC | | | | | | (Name - if individual, state last, first, and middle name) | | | | 608 Mabry Hood Road | Knoxville | ITN | 37932 | | (Address) | (City) | (State) | (Zip Code) | | 11/14/2023 | | 910 | | | (Date of Registration with PCAOB)(if applicable) | | | (PCAOB Registration Number, if applicable | | | FOR OFFICIAL USE ONLY | | | | | | | | \* Claims for exemption from the requirement that the annual reports of an independent public accountant must be supported by a statement of facts and circumstances relied on as the basis of the exemption. See 17 CFR 240.17a-5(e)(1)(ii), if applicable. Persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. {2}------------------------------------------------ #### OATH OR AFFIRMATION | George Skouras | , swear (or affirm) that, to the best of my knowledge and belief, the | |----------------------------------------------------------------------------|-----------------------------------------------------------------------| | financial report pertaining to the firm of CUE CAPITAL LIMITED PARTNERSHIP | | 2 023 \_\_ is true and correct. I further swear (or affirm) that neither the company nor any 12/31 partner, officer, director, or equivalent person, as the case may be, has any proprietary interest in any account classified solely as that of a customer. LORI ALESSI NOTARY PUBLIC, STATE OF NEW YORK Registration No. 01AL6425911 Qualified In Queens County Commission Expires November 29, 20 2,5 | Signature: | 110000 | | |------------|--------|--| | Title: | | | Managing Partner Notary Public ### This filing\*\* contains (check all applicable boxes): - (a) Statement of financial condition. - = (b) Notes to consolidated statement of financial condition. - □ (c) Statement of income (loss) or, if there is other comprehensive income in the period(s) presented, a statement of comprehensive income (as defined in § 210.1-02 of Regulation S-X). - 0 (d) Statement of cash flows. - [ (e) Statement of changes in stockholders' or partners' or sole proprietor's equity. - [] (f) Statement of changes in liabilities subordinated to claims of creditors. - □ (g) Notes to consolidated financial statements. - | - | (i) Computation of tangible net worth under 17 CFR 240.18a-2. - □ (j) Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3. - □ (k) Computation for determination of security-based swap reserve requirements pursuant to Exhibit B to 17 CFR 240.15c3-3 or Exhibit A to 17 CFR 240.18a-4, as applicable. - [ (I) Computation for Determination of PAB Requirements under Exhibit A to § 240.15c3-3. - [ (m) Information relating to possession or control requirements for customers under 17 CFR 240.15c3-3. - | (n) Information relating to possession or control requirements for security-based swap customers under 17 CFR 240.15c3-3(p)(2) or 17 CFR 240.18a-4, as applicable. - □ (o) Reconciliations, including appropriate explanations, of the FOCUS Report with computation of net worth under 17 CFR 240.15c3-1, 17 CFR 240.18a-2, as applicable, and the reserve requirements under 17 CFR 240.15c3-3 or 17 CFR 240.18a-4, as applicable, if material differences exist, or a statement that no material differences exist. - □ {p) Summary of financial data for subsidiaries not consolidated in the statement of financial condition. - @ (q) Oath or affirmation in accordance with 17 CFR 240.17a-5, 17 CFR 240.17a-12, or 17 CFR 240.18a-7, as applicable. - □ (r) Compliance report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - □ (s) Exemption report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - @ (t) Independent public accountant's report based on an examination of the statement of financial condition. - □ (u) Independent public accountant's report based on an examination of the financial statements under 17 CFR 240.17a-5, 17 CFR 240.18a-7, or 17 CFR 240.17a-12, as applicable. - | (v) Independent public accountant's report based on an examination of certain statements in the compliance report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - □ (w) Independent public accountant's report based on a review of the exemption report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - | (x) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.17a-12, as applicable. - □ (y) Report describing any material inadequacies found to have existed since the date of the previous audit, or a statement that no material inadequacies exist, under 17 CFR 240.17a-12(k). - [ - \*\* To request confidential treatment of chis filing, see 17 CFR 240.17a-5(e)(3) or 17 CFR 240.18a-7(d)(2), as applicable. {3}------------------------------------------------ ### Cue Capital Limited Partnership Table of Contents December 31, 2023 | | Page(s) | |---------------------------------------------------------|---------| | Report of Independent Registered Public Accounting Firm | | | Financial Statement | | | Statement of Financial Condition | | | Notes to Financial Condition | | {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) Report Of Independent Registered Public Accounting Firm To the Partners of Cue Capital, LP #### Opinion on the Financial Statements We have audited the accompanying statement of financial condition of Cue Capital, LP (the "Partnership") as of December 31, 2023, and the related notes to the financial statements. In our opinion, the financial statements present fairly, in all material respects, the financial position of Cue Capital, LP as of December 31, 2023, and the results of its operations and its cash flows for then ended in conformity with accounting principles generally accepted in the United States of America. #### Basis for Opinion These financial statements are the responsibility of the Partnership's management. Our responsibility is to express an opinion on the Partnership's financial statements based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Partnership in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. Our audit included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion. Rodefer Moss & Co, PLLC We have served as Cue Capital, LP's auditor since 2023. Knoxville, Tennessee February 27, 2024 {5}------------------------------------------------ ### Cue Capital Limited Partnership Statement of Financial Condition December 31, 2023 | Assets | | | |---------------------------------------------------------------------------------------------------------------|------|------------------| | Cash and cash equivalents | ಕ್ಕಾ | 67,796 | | Prepaid expenses | | 18,391 | | Due from managing partner | | 14,000 | | Property and equipment, net | | 2,424 | | Other assets | | 1,550 | | Total Assets | ക | 104,161 | | Liabilities and Partners' Capital
Liabilities
Deferred Revenue
Accounts payable and accrued expenses | ಕ್ಕಾ | 45,000
21,203 | | Total Liabilities | | 66,203 | | Partners' Capital | | 37,958 | | Total Liabilities and Partners' Capital | | 104,161 | The accompanying notes are an integral part of this financial statement. {6}------------------------------------------------ # ! "#\$%&'(%)'\*&%&+,%)-#.\*/0-1'&.11 2342567859:7;784<=5>8?4>@A76B8A4C=5>8?4>@A76DEF5@GH>;4KLMNNOPQA4 RSTUVWTXYZRZXS[T\]WT^\_WS`WTTWaZXUWTW\_bZUYUYWcWdeTZUZWXSV\_fgdYSVaWh\iiZXXZ\V BCIj2DESV\_ZXS`X\SiWi[WT\kUYWlZVSVdZS`mV\_eXUTno4p3958H>qr38AH>78qBCstuvrDE 5?<8A4I4w3>7874@t?x4@8H>=>H84w87H?2H>6H>587H?BCIt=2DEP QA4=5>8?4>@A76y@H64>587H?@wH?@7@86>7;5>79qHG7?8>H<3w7?p945<7?p7?@878387H?597?x4@8H>@ U\keV\_iSVSaWTXUYSUiS]WRTZzSUWW{eZUn|TWS`WXUSUWSV\_\UYWTV\V^UTS\_ZUZ\VS`ZVzWXUiWVUX} ~YWSTUVWTXYZRS`X\RT\zZ\_WXS\_zZdWU\keV\_iSVSaWTXTWaST\_ZVabSnXU\ZiRT\zWUYWZT iWUY\\_X\kTSZXZVadSRZUS`} ~YWSTUVWTXYZRy@G4<4>59L@85845?<9Hw5985>483>?@5>4@3J4w88H6\XXZ[`WWgSiZVSUZ\V[n UYWUSgZVaSeUY\TZUZWXeVUZ`WgRZTSUZ\V\kUYWTW`SUW\_XUSUeUWX\k`ZiZUSUZ\VX\VUY\XWUSg TWUeTVX}mVaWVWTS`|UYWkW\_WTS`SV\_XUSUWZVd\iWUSgTWUeTVXYSzWSUYTWWnWSTXUSUeUW\k `ZiZUSUZ\VX}~YWh\iRSVnb\e`\_TWd\aVZWSddTeW\_ZVUWTWXUSV\_RWVS`UZWXSXX\dZSUW\_bZUY eVdWTUSZVUSgR\XZUZ\VX|ZkSVn|SXRSTU\kUYWZVd\iWUSgRT\zZXZ\V} ! -%#\*/'\$&'/'%&)\*-&)'&\$\*''.1 # ~YWkZVSVdZS`XUSUWiWVUXYSzW[WWVRTWRSTW\_ZVd\Vk\TiZUnbZUYSdd\eVUZVaRTZVdZR`WX aWVWTS``nSddWRUW\_ZVUYWVZUW\_cUSUWXHGr;4>7w5BC}c}rr=DEP # ~YWRTWRSTSUZ\V\kkZVSVdZS`XUSUWiWVUXZVd\Vk\TiZUnbZUY}c}TW{eZTWXiSVSaWiWVU U\iS]WWXUZiSUWXSV\_SXXeiRUZ\VXUYSUSkkWdUUYWTWR\TUW\_Si\eVUX\kSXXWUXSV\_`ZS[Z`ZUZWX SV\_\_ZXd`\XeTW\kd\VUZVaWVUSXXWUXSV\_`ZS[Z`ZUZWXSUUYW\_SUW\kUYWkZVSVdZS`XUSUWiWVUXSV\_ TWR\TUW\_Si\eVUX\kTWzWVeWXSV\_WgRWVXWX\_eTZVaUYWRWTZ\\_}dUeS`TWXe`UXd\e`\_\_ZkkWT kT\iUY\XWWXUZiSUWX} #### ¡¢£ hSXYd\VXZXUX\k\_WR\XZUXbZUY[SV]X}l\TReTR\XWX\kUYWXUSUWiWVU\kdSXYk`\bX|UYW STUVWTXYZRd\VXZ\_WTXSXXY\TUUWTi|YZaY`n`Z{eZ\_ZVzWXUiWVUXReTdYSXW\_bZUYSV\TZaZVS` iSUeTZUn\kUYTWWi\VUYX\T`WXXU\[WdSXYW{eZzS`WVUX} #### ¤¥£¡¤¦£§¡ QA4=5>8?4>@A76y@G7?5?w7597?@8>3;4?8@wH?@7@8HGw5@A5?Useful Life | |------------------------|--------------------------| | Computer equipment | 5 Years | | Computer software | 5 Years | | Furniture | 7 Years | | Leasehold improvements | 15 Years | The Partnership periodically assesses the recoverability of the carrying amounts of longlived assets. A loss is recognized when expected undiscounted cash flows are less than the carrying amount of the asset. The impairment loss is the difference by which future cash flows are less than the carrying amount of the asset. The impairment loss is the difference by which the carrying amount of the asset exceeds its fair value. The Partnership did not recognize an impairment loss on its long lived assets for the year ended December 31, 2023. #### Revenue Recognition The Partnership recognizes advisory revenues in accordance with the provisions of the respective agreements. The Partnership adopted FASB ASC 606, Revenue from Contracts with Customers. The revenue recognition guidance requires that an entity recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The guidance requires an entity to follow a five step model to (a) identify the contract(s) with a customer, (b) identify the performance obligations in the contract, (c) determine the transaction price, (d) allocate the transaction price to the performance obligations in the contract, and (e) recognize revenue when (or as) the entity satisfies a performance obligation. In determining the transaction price, an entity may include variable consideration only to the extent that it is probable that a significant reversal in the amount of cumulative revenue recognized would not occur when the uncertainty associated with the variable consideration is resolved. The revenue recognition guidance does not apply to revenue associated with financial instrument, {8}------------------------------------------------ ### Summary of Significant Accounting Policies (Continued) ### Revenue Recognition (Continued) interest income and expense, leasing and insurance contracts. The Partnership earns revenue by way of transaction placement fees that are recognized at the point in time that performance under the arrangement is completed. The Partnership has determined that this date is the appropriate point in time to recognize revenue for placement fees as the performance obligation has been satisfied, there are no sigmificant actions which the Partnership needs to take subsequent to this date and the purchaser obtains the control and benefit of the proceeds at that point. Payment for revenue is due upon closing. The Company had deferred revenue totaling \$45,000 from one contract as of December 31, 2023. The revenue will be recognized at a point in time, when performance obligation are satisfied. #### Income Taxes No provision for federal and state income taxes has been recorded because the limited partner reports the Partnership's income or loss on his income tax returns. #### 3. Property and Equipment Property and equipment at December 31, 2023 are as follows: | Furniture and fixtures | S | 15.137 | |--------------------------------|---|----------| | Computer Equipment | | 18,521 | | | | 33,658 | | Less: accumulated depreciation | | (31,234) | | | S | 2,424 | #### 4. Due from Partner As of December 31, 2023, there is a balance in due from partner of approximately \$14,000 as presented in the Statement of Financial Condition. ### 5. The Partnership maintains all of its cash deposits in one financial institution, which at times, may exceed federally insured limits. The Partnership has not experienced any losses in such accounts and believes it is not subject to any significant credit risk with respect to these deposits. {9}------------------------------------------------ #### Commitments 6. The Partnership had no commitments for the year ended December 31, 2023. #### 7. Net Capital Requirements The Partnership is subject to the SEC Uniform Net Capital Rule 15c3-1. This rule requires the maintenance of minimum net capital and requires that the ratio of aggregate indebtedness to net capital, both as defined, shall not exceed 15 to 1, and that equity capital may not be withdrawn if the resulting net capital ratio would exceed 10 to 1. At December 31, 2023, the Partnership's net capital was \$1,593, which was -\$3,407 in excess of its minimum requirement of \$5,000 under SEC Rule 15c3-1. The Partnership's net capital ratio was 41.56 to 1. The Partnership does not claim exemption from the Customer Protection Rule but limits its business activities to those specified in footnote 74 of SEC Release No. 34-70073. #### Allowance for Credit Losses 8. The Company accounts for credit losses in accordance with ASC Topic 326, Financial Instruments - Credit Losses ("ASC 326"). ASC 326 impacts the impairment model for certain financial assets measured at amortized cost by requiring a current expected credit loss ("CECL") methodology to estimate expected credit losses over the entire life of the financial asset, recorded at inception or purchase. Under the accounting update, the Company has the ability to determine there are no expected credit losses in certain circumstances. The allowance for credit losses is based on the Company's expectation of the collectability of financial instruments carried at amortized cost. The Company considers factors such as historical experience, credit quality, age of balances and current and future economic conditions that may affect the Company's expectation of the collectability in determining the allowance for credit losses. The Company did not record any allowances for credit losses at December 31, 2023. The Company concluded it did not have an expected credit loss based on the nature and contractual life or expected life of the financial asset. #### Subsequent Events 9. Subsequent events have been evaluated through the date of the independent auditors report and were available to be issued. The Company filed notification because of Net Capital below minimum amount required (SEA Rule 17 a-11 (c) (1) on January 18, 2024. George Skouras transferred \$19,000 on January 18, 2024 and now the firm net capital is compliant. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.